According to the European Court of Justice (ECJ) in the Fiscale Eenheid case (C-595/13), the VAT exemption for the management of investment funds may also apply to risk diversified closed ended funds investing in real estate, provided these funds are ... (more)
On November 11, 2015, the Joint Committee of the European Supervisory Authorities EBA, EIOPA and ESMA presented drafts of several technical standards. The draft regulatory technical standards relating to key information documents for packaged retail and insurance-based investment products (PRIIPs) provide ... (more)
On November 12th, 2015, the German Federal Tax Authority published an amendment of the VAT Application Decree. The Decree now adopts the same wording set forth in the VAT Code for the tax-exemption of the management of investment funds. In our ... (more)
